Separately, Zacks Investment Research lowered Inspired Entertainment from a hold rating to a sell rating in a research report on Wednesday, January 15th.
Shares of NASDAQ INSE opened at $6.70 on Thursday. The stock has a market capitalization of $152.88 million, a price-to-earnings ratio of -5.04 and a beta of 1.24. The business has a 50-day moving average of $6.85 and a 200-day moving average of $7.33. Inspired Entertainment has a fifty-two week low of $5.51 and a fifty-two week high of $9.70.
Inspired Entertainment (NASDAQ:INSE) last released its earnings results on Tuesday, November 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.12). The company had revenue of $26.60 million during the quarter, compared to analyst estimates of $27.67 million. On average, sell-side analysts anticipate that Inspired Entertainment will post -1.45 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp raised its position in Inspired Entertainment by 44.7% during the second quarter. Northern Trust Corp now owns 24,091 shares of the company’s stock worth $203,000 after acquiring an additional 7,447 shares in the last quarter. Teton Advisors Inc. lifted its stake in Inspired Entertainment by 3.5% in the 3rd quarter. Teton Advisors Inc. now owns 352,254 shares of the company’s stock valued at $2,533,000 after purchasing an additional 11,940 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Inspired Entertainment by 15.7% during the second quarter. Renaissance Technologies LLC now owns 97,270 shares of the company’s stock worth $821,000 after purchasing an additional 13,170 shares during the period. State Street Corp grew its holdings in Inspired Entertainment by 11.8% during the third quarter. State Street Corp now owns 124,977 shares of the company’s stock worth $899,000 after purchasing an additional 13,209 shares during the period. Finally, Wells Fargo & Company MN acquired a new position in Inspired Entertainment during the second quarter worth approximately $132,000. Institutional investors and hedge funds own 77.07% of the company’s stock.
Inspired Entertainment Company Profile
Inspired Entertainment, Inc, a business-to-business gaming technology company, supplies virtual sports and server based gaming worldwide. It designs, develops, markets, and distributes a portfolio of games through its digital network architecture to betting offices, casinos, gaming hall and bingo operators, and regulated operators of lotteries, as well as government affiliated and licensed operators.
Read More: What are the benefits of a balanced fund?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Inspired Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inspired Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.